AMC Entertainment (NYSE:AMC) is the largest movie theatre operator in North America. The company and stock has faced numerous challenges over the past several years, from the rise of streaming services eating into the profits of the traditional cinema to the existential crisis that was the COVID-19 pandemic and the shuttering of its business for months at a time. Shares of AMC have plunged over 20% in the year-to-date period as of close on Wednesday, June 27, 2024. The stock has plunged over 85% in the year-over-year period.
Despite the stock’s volatility and whispers of a potential sale, the traditional cinema has managed to stage something of a comeback as we approach the midway point in the 2020s. Last year saw big box office stories like Barbie and Oppenheimer far surpass expectations, managing to gobble up big returns that have only been seen from established Disney properties in recent years.
Inside Out 2 has stormed out of the gate in its first two weeks at the North American and international box office. The movie delivered $154 million in its opening weekend, beating out the distant-second Bad Boys: Ride or Die. Inside Out 2 would continue its momentum in the second week, rattling off a $101 million weekend. That brought its domestic gross to $387 million along with an international gross of $411 million. It has generated nearly $800 million worldwide in its first two weeks running.
Now, it has the chance to gun for the $1 billion mark as it enters its third weekend. The family film will likely be contending with A Quiet Place: Day One for the top spot.
